SOFI CONFIRMS DATA BREACH AT HONG KONG UNIT

The financial technology company discovered that an external vendor storing customer data was compromised, exposing personal information tied to SoFi Hong Kong clients. SoFi is notifying affected customers and has launched an investigation into the breach's scope and nature. The company stated it is working with relevant authorities and the compromised vendor to contain the incident and prevent further unauthorized access. No details were immediately available regarding the number of customers impacted or specific data types accessed. SoFi said it is enhancing security measures and reviewing third-party vendor protocols to strengthen data protection. This marks a notable security incident for SoFi, which has expanded its international operations in recent years. The breach underscores ongoing risks associated with third-party data handling and vendor management in the fintech sector.